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Friday, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low grade iron ore while major Chinese companies are buying up ore mines with two billion worth of reserves in Africa. "The ban will surely have an effect because about 50% of our exports are low grade iron ore," Royston Machado, an industry consultant working jointly with China Inspection and Quarantine, said. India sold 107 million tonnes accounting for 18% of Chinese imports in 2009.
The ban came into effect after the China Iron and Steel Association (CISA) advised ore buyers at a conference to stop buying low grade ores. "CISA has not yet issued a formal notification but the ban is already having an effect," Machado said.
The ban has not caused uproar because businesses in India are still not feeling the pinch. China has more than two months of stocks and the offtake from steel mills is low. Another reason is that the Goa port, which ships nearly half of Indian ores to China, is closed for monsoon.
"A clear picture would emerge after the Goa port reopens in October and there is a strong demand. Indian exports would be seriously reduced unless the government reconsiders the ban," sources said. The move was followed by a decision by the National Development and Reform Commission giving a green signal for the purchase of two African mines with reserves totaling 2 billion tonnes.
Three Chinese companies including the Wuhan Iron & Steel, are jointly buying a mine with reserves worth 800 million tonnes at Soalala in Madagascar. Wuhan has also purchased controlling stakes in the Bong Iron Ore company based in Liberia. Bong has proven reserves of over 1.3 billion tonnes.
Source: Times of India / Hellenic Shipping
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Tuesday, 09 November 10
NOBLE GROUP APPOINTED AS THE EXCLUSIVE MARKETING AGENT FOR PT. BERAU COAL
COALspot.com: Noble Group Limited has recently been appointed as the exclusive marketing agent for PT. Berau Coal production exported to internation ...
Monday, 08 November 10
INDONESIAN HBA HAS INCREASED TO $ 95.51 PER TON FOR NOVEMBER LOADING
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Sunday, 07 November 10
THE SUPRAMAX INDEX IN THE FAR EAST CONTINUED TO BE UNDER PRESSURE - CAPT. REDDY
COALspot.com: The freight market continued to remain soft and all segments were down by almost about 6 pct.
The BDI and Cape Size index was down ...
Saturday, 06 November 10
DRY BULK MARKET LACKING SUPPORT TO SUSTAIN CURRENT LEVELS, BUT PANAMAX OWNERS ARE MORE FORTUNATE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Posting its fifth straight losing session, the dry bulk market benchmark, the BDI (Baltic Dry Index) was down yesterday by another 1.26% to 2510 poi ...
Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a maj ...
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- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- The University of Queensland
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Planning Commission, India
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